One important activity of strategic managers is strategic planning. Describe fourcharacteristics of this activity.

Question

One important activity of strategic managers is strategic planning. Describe fourcharacteristics of this activity.
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Solution 1

Sure, I can describe four characteristics of strategic planning:

  1. Long-term focus: Strategic planning involves setting long-term goals and objectives for an organization. It looks beyond the immediate future and considers the organization's vision and direction for the next several years.

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